Advocacy
CHLA Joins CMLA in asking FHFA to terminate HARMFUL gse PSPA provisions
in a joint letter with the Community Mortgage Lenders of America, CHLA sent a letter to Treasury Secretary Yellen and FHFA Director Thompson asking FHFA to terminate (or at least extend the suspension) of harmful PSPA restrictions from last year on the cash window, on higher risk loans, and on investment and second home loans.
CHLA Letter to justice department seeking antitrust review of black knight purchase by ICE
CHLA sent a letter to the Department of Justice seeking an antitrust review of the proposed purchase of Black Knight by ICE – citing concerns about the impact on consumers and smaller IMB lenders
CHLA makes access to credit recommendations to FHA
Following on its previous IMB sign on letter on FHA premiums, CHLA writes FHA for action to streamline the FHA condo approval process, to increase permissible lender fees for FHA loan assumptions, and for an end to disproportionate penalties for missing servicing deadlines.
CHLA spearheads imb sign-on letter calling for fha premium cuts and an end to life of loan
CHLA spearheaded the sending of an IMB sign-on letter to FHA, signed by over 40 IMBs, calling on FHA to cut annual premiums and end its Life of Loan policy.
CHLA Writes FHFA seeking small lender protections in new GSE financial requirements
In a letter to FHFA, CHLA makes a series of recommendations to protect smaller IMBs by revising proposed new financial requirements for Fannie/Freddie seller/servicers – including scrapping the 2% TBA hedging liquidity requirement for smaller IMBs and creating an FHLB advance program for IMBs.
CHLA writes Ginnie Mae seeking smaller CR-G pool thresholds
CHLA wrote a letter to Ginnie Mae asking to reduce minimum pool thresholds for CR-G pools with re-performing FHA loans.
FHA unveils proposal for a new partial claim option
“The skyrocketing of mortgage rates has undermined FHA’s main loss mitigation tool for helping distressed borrowers – and FHA’s nimbleness in finding a workaround for
CHLA Commends FHA Commissioner Gordon for New Proposal to Keep Homeowners in their Home
The Community Home Lenders of America (CHLA) commended FHA Commissioner Julia Gordon for today’s announcement that FHA is proposing a program to create a flexible partial claim
Leaders struck a debt ceiling deal. What does it mean for mortgages?
“But mortgage rates have been creeping up in recent weeks because of uncertainties, so an agreement that brings some deficit reduction and removes this uncertainty